10-Q Filing

INGLES MARKETS INC CIK: 50493 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0000050493-16-000026`
Period End Date	20151231
Filing Date	20160204
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	imkt-20151226.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 22 Cash Flow Statement 48 Stockholders Equity 12

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.05	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.26M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.61M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.51M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$80.61M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$66.28M	USD	Point-in-time
Inventories	`InventoryNet`	$341.28M	USD	Point-in-time
Inventories	`InventoryNet`	$338.64M	USD	Point-in-time
Other current Assets	`OtherAssetsCurrent`	$11.12M	USD	Point-in-time
Other current Assets	`OtherAssetsCurrent`	$11.31M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$441.56M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$423.75M	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.21B	USD	Point-in-time
Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$1.23B	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$19.62M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$19.73M	USD	Point-in-time
Total Assets	`Assets`	$1.69B	USD	Point-in-time
Total Assets	`Assets`	$1.65B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$11.37M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$11.24M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$166.73M	USD	Point-in-time
Accounts payable - trade	`AccountsPayableTradeCurrent`	$166.04M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`AccruedLiabilitiesCurrent`	$74.55M	USD	Point-in-time
Accrued expenses and current portion of other long-term liabilities	`AccruedLiabilitiesCurrent`	$53.89M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$231.86M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$251.96M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$64.64M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$68.87M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$913.51M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$874.69M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$35.06M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$34.56M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.25B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.23B	USD	Point-in-time
Preferred stock, $0.05 par value; 10,000,000 shares authorized; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.05 par value; 10,000,000 shares authorized; no shares issued	`PreferredStockValue`	-	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapital`	$12.31M	USD	Point-in-time
Paid-in capital in excess of par value	`AdditionalPaidInCapital`	$12.31M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$425.39M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$415.65M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$438.71M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$382.60M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$394.40M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$428.98M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.65B	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.69B	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$951.11M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$964.50M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$725.47M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$740.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$225.64M	USD	1 Quarter
Gross profit	`GrossProfit`	$224.39M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$186.98M	USD	1 Quarter
Operating and administrative expenses	`OperatingExpenses`	$194.07M	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$63.73K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$117.78K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$37.53M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$31.63M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$605.84K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$562.76K	USD	1 Quarter
Interest expense	`InterestExpense`	$12.02M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.98M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.26M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$26.07M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$7.28M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$11.03M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.04M	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$12.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.04M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$25.98M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortization`	$25.30M	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$63.73K	USD	1 Quarter
Gain from sale or disposal of assets	`GainLossOnDispositionOfAssets`	$117.78K	USD	1 Quarter
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$1.10M	USD	1 Quarter
Receipt of advance payments on purchases contracts	`ReceiptOfAdvancePaymentsOnPurchasesContracts`	$1.00M	USD	1 Quarter
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-817.35K	USD	1 Quarter
Recognition of advance payments on purchases contracts	`RecognitionOfAdvancePaymentsOnPurchasesContracts`	$-962.07K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.23M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$5.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$10.75M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsAndOtherReceivables`	$14.33M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$2.63M	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$8.80M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-84.18K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$997.52K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-19.92M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-29.63M	USD	1 Quarter
Net Cash Provided (Used) by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$6.50M	USD	1 Quarter
Net Cash Provided (Used) by Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-4.83M	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$168.02K	USD	1 Quarter
Proceeds from sales of property and equipment	`ProceedsFromSaleOfOtherPropertyPlantAndEquipment`	$51.13K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$40.64M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$27.57M	USD	1 Quarter
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-40.59M	USD	1 Quarter
Net Cash Used by Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-27.41M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$240.82M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromLinesOfCredit`	$233.85M	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$198.76M	USD	1 Quarter
Payments on short-term borrowings	`RepaymentsOfLinesOfCredit`	$200.43M	USD	1 Quarter
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$2.01M	USD	1 Quarter
Principal payments on long-term borrowings	`RepaymentsOfLongTermDebt`	$1.97M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.25M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$3.24M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$35.13M	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$29.88M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.04M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.36M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.26M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.55M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.61M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$7.51M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.26M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$8.55M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$8.61M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$7.51M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$438.71M	USD	Point-in-time
Balance	`StockholdersEquity`	$382.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$394.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$428.98M	USD	Point-in-time
Net income	`NetIncomeLoss`	$12.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$15.04M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$3.25M	USD	1 Quarter
Cash dividends	`DividendsCommonStockCash`	$3.24M	USD	1 Quarter
Balance	`StockholdersEquity`	$438.71M	USD	Point-in-time
Balance	`StockholdersEquity`	$382.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$394.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$428.98M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.